Central Finance Company PLC said its amalgamation with Isuru Leasing Company Limited has been completed and as such the latter ceased to exist as a corporate entity with effect from February 28, 2017.

AFP: Debt-laden Greece’s economy suffered a new blow, contracting by 1.2 percent at the end of 2016, according to revised figures released yesterday, meaning it remained in recession for the eighth straight year.

The mid-sized lender, Pan Asia Bank PLC, yesterday said it was able to enhance its core capital requirement within the stipulated time frame by the banking industry regulator, the Central Bank of Sri Lanka (CBSL).  

ECONOMYNEXT: Sri Lanka’s capital Colombo is likely to see a 160 percent growth in the super rich with more than US $ 30 million (Rs.45 billion) in personal wealth to 182 individuals over the next decade, the fastest after Vietnam’s Ho Chi

Bank of Ceylon (BOC) reported a December quarter net profit of Rs.6.95 billion recording an increase of 33.5 percent from a year ago as a significant tax reversal pushed up the bottom line of the largest state-owned lender, the interim financial acco

An innovative new transportation service is working to save lives and encourage Sri Lankans to take the responsible route home. 

Canon Singapore (Pvt.) Ltd together with Sri Lanka’s Metropolitan Communications (Pvt.) Ltd., unveiled two document management solutions products to the local market by introducing its G-series and Maxify lineup offering latest printing technol

The leaders driving innovation in Sri Lanka’s top firms will share expert insights and practical lessons at the upcoming ‘Future of Business’ innovation strategy and learning event organised by the Ceylon Chamber of Commerce (CCC) a

Chocolate lovers across the country can now indulge in a truly world-class premium sugar-free chocolate as the CBL Revello introduces ‘Revellosugar free dark’ – the ultimate indulgence in sugar-free chocolate.

Sri Lanka’s leading e-commerce site, wOw.lk, is offering its valued customers a free delivery service between Colombo 1 and 15, for all purchases that are made on Sundays. 

The 9th annual Footwear and Leather Fair successfully concluded at the Sirimavo Bandaranaike Memorial Exhibition Centre after 3 days, where the public were able to witness a massive range of quality footwear and leather accessories. This year attract

Since its start as a convenience service delivering vegetables to homes in selected neighborhoods of Colombo, Direct2Door has grown significantly over a very short time frame, with the service now available across the entirety of the Colombo district

Diesel and Motor Engineering (DIMO) PLC was recognized as the runners-up at the ACCA Sustainability Reporting Awards 2016, held recently at the Cinnamon Grand Hotel. 

CEMS-Global USA Multinational Exhibition Organizer which launched its operations in Sri Lanka in year 2009 will hold its annual exhibitions focusing on the textile and garment industry in Sri Lanka from March 9 to 11 at the Sri Lanka Exhibition &

The Securities and Exchange Commission of Sri Lanka (SEC) has approved the Automated Trading System (ATS) rules and the corresponding amendments to the Central Depository Systems (Pvt) Ltd (CDS) rules developed by the Colombo Stock Exchange (CSE), to

The resignation of Paul Ratnayeke, a longstanding board member of diversified Richard Pieris & Company PLC (RICH) has raised many eyebrows as the company saw the resignation of three non executive independent directors from its board last year.

Tourist arrivals to Sri Lanka edged down 0.1 percent year-on-year (YoY) in February to 197, 517 amid the partial closure of the country’s main airport and a significant drop in Chinese arrivals, the data released by the country’s tourism

New Zealand Food Safety Minister David Bennett is leading a business delegation of fourteen New Zealand companies to further strengthen business links between the two countries.

REUTERS: Long delays in Sri Lanka’s legal process and a lack of speedy approvals from government institutions have delayed foreign direct investment (FDI), the head of state-run investment body chief said last week.

REUTERS: A federal judge has rejected Sri Lankan born Galleon Group hedge fund founder Raj Rajaratnam’s bid to void much of his insider trading conviction and shorten his 11-year prison sentence. U.S. District Judge Loretta Preska in Manhattan

REUTERS: International Monetary Fund (IMF) Managing Director Christine Lagarde, will not be visiting Sri Lanka this month as she had been tentatively scheduled to, the global lender said yesterday.

A workshop was held at the Ministry of Development Strategies and International Trade recently to discuss strategic aspects to developing a national system that supports innovation and entrepreneurship in Sri Lanka. 

The newly elected President of the National Chamber of Exporters of Sri Lanka (NCE) Ramal Jasinghe, Secretary General /CEO of the Chamber Shiham Marikar and other officials of the Chamber met Sujeewa Senasinghe, State Minister of Development Strategi

The CIMA Corporate Partners Programme, a business network comprised of some of the most well acclaimed organizations in Sri Lanka, will celebrate its 10th year on today.  

Participants at the forthcoming ‘Future of Business’ innovation strategy and learning event will learn from innovation strategies of Sri Lanka’s champion firms,

Despite a poor track record in attracting foreign direct investments during the last two years, a top government official yesterday said several projects around the Beira Lake area totalling over US$ 500 million are now starting to gain traction.

Consequent to concerns expressed by pharmaceutical companies at the time the government enacted regulations to control prices of forty eight (48) medicinal drugs in October 2016,

“Today, the government owned sugar production industry is earning profits without any need for privatization. You, the more than 11000 workers under LSCL, have together helped transform our 

Sri Lanka Tourism Promotion Bureau conducted a roadshow for the travel trade and wedding planners in Mumbai, with an aim to increase footfalls to the emerald island. 

The preparatory study conducted by JICA for the first elevated Light Rail Transit (LRT) line in Sri Lanka between Colombo and Malabe was kicked off this week.